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Home BC Greater Nanaimo Nanaimo Harewood
438 Wakesiah Ave
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438 Wakesiah Ave $5,899,000
$5,899,000
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438 Wakesiah Ave
Nanaimo, British Columbia V9R3K8

MLS® Number: 969288

Listing Description

Presenting a unique investment opportunity: an award-winning student housing apartment building located on Vancouver Island. This prime property is situated directly across from Vancouver Island University, ensuring a steady and consistent occupancy rate. The three-level building comprises 25 fully-equipped units, including 13 one-bedroom and 12 two-bedroom apartments. Each unit features its own kitchen and bathroom, providing students with privacy and convenience. Granite countertops throughout add a touch of luxury to these modern living spaces. Each floor offers a common area designed to foster communication and community among residents. Additionally, every level is equipped with a public washroom and a coin-operated laundry facility for added convenience. The lower level includes a secure bike storage room, catering to the needs of environmentally-conscious students. The property boasts 17 parking spaces located in the back lane, providing ample parking for residents. A balcony on the top of the building offers a relaxing outdoor space with stunning views. This student housing complex represents a safe and profitable business venture, thanks to its prime location and high demand. Don't miss this chance to own a prestigious, high-occupancy property in a thriving university area. Measurement is approximate, pls verify if important. If you need information package or book a showing, please contact CO LISTING AGENT ELVIS YIN at elvisrealestatetrade@gmail.com or 604-338-7654 (28085427)

Property Summary

Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
University District
Title
Freehold
Land Size
12917 sqft
Annual Property Taxes
$28,849.30
Total Parking Spaces
17
Time on REALTOR.ca
141 days

Building

Building Features
Features
Central location, Level lot, Southern exposure, Sloping, Other
Total Units
25
Heating & Cooling
Cooling
None
Heating Type
Baseboard heaters, Hot Water, (Natural gas)
Business
Business Name
Cold Moon Student House
Business Type
Accommodation
Parking
Total Parking Spaces
17

Measurements

Exterior Building Size
13264 sqft

Land

Lot Features
View
City view, Mountain view
Other Property Information
Zoning Description
COR1
Zoning Type
Unknown
Data provided by: Vancouver Island Real Estate Board 6374 Metral Drive, Nanaimo, British Columbia V9T 2L8

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